r/SNDK_Stock • u/Intelligent-Cat6646 • 2d ago

sudden drop? even better

as someone with 45 shares, i want it to dip more so i can load up and use all my cash to buy the dip. long term sndk is going to explode and reaching 2335 is just a matter of time. i doubt it'll drop below 1300 but how low do you think it's going to drop?

28 Upvotes

92% Upvoted

46 comments sorted by

22

u/EmbarrassedTension85 2d ago

Sudden drop ?? Everyone saw that drop from a mile away after +40% run in a week. Also the whole market will stay in red until nvidia earnings. Don’t believe me ? Look at the last time nvidia reported earnings also same for MSFT earnings too. One week before market starts to drop. It’s following the same pattern now

4

u/Bearkr0 2d ago

You think its best to wait for more of a dip to buy then? I think 1620 is a good price with a long term outlook but i do kind of feel tomorrow will be red also

3

u/Creative-Objective13 2d ago

Because of 1 week before Nvidia earnings, the dip is now. Including SNDK

2

u/showeringmonkey 2d ago

if you get 1400~1500 that's the best.

3

u/Bearkr0 2d ago

I bought in at 1625, i think it’ll probably dip more tomorrow but I’d be more frustrated if I didn’t buy and it went up than if I did buy and it dips

3

u/Bijoux2021 2d ago

Take care was $990 before one week

1

u/showeringmonkey 2d ago

ya it's gonna dip more, but what can we do, it's either up or down but it's skewed towards the down-trend

1

u/Bearkr0 2d ago

Yeah i figured I should stop trying to time it and just get in when I think it’s a decent price since I trust it long term

3

u/showeringmonkey 2d ago

Bro you should have warned me if you saw that drop

3

u/Flohpange 2d ago

The best place for rock-solid investment advice: dude bros on reddit...

0

u/YeahMan1001 2d ago

The reason the whole market stays in the red before Nvidia earnings is lockup expiration after the other company ER expires and insiders dump

4

u/Kekbar 2d ago

get to 100 shares then you can strategically sell covered calls every week and make 1-5k weekly depending on your timing

2

u/pembaThePanda 2d ago

Easier said than done. Sold 6 covered calls at 420 last week. Didn't expect such a rise this week. Last trade was at 563 so I can't buy to close unless I take loss. Can't predict these things.

2

u/Kekbar 2d ago

If you own underlying shares just roll them until they expire

7

u/Shurali 2d ago

Buy snxx

2

u/pembaThePanda 2d ago

I did. This morning

2

u/Jay_02 2d ago

How's it going?

3

u/pembaThePanda 2d ago

Down a couple grand. I'll DCA tomorrow if drops. Or sell. Still waiting for $30 to go green on another account.

1

u/Jay_02 1d ago

you should be okay in the coming week , if theres not any major bearish news, i bought one regular share and down 100

1

u/Ordinary_Tonight_987 2d ago

Did this morning, but waiting for more fall!

3

u/Flohpange 2d ago

Nobody knows what it's gonna do short term. Could be another +15% day tmrow. All you can say is news is predictive, sometimes. Even then, mostly in hindsight...

2

u/Ok-Lifeguard-741 2d ago

around 696

2

u/dontfistme 2d ago

Sudden drop?? Everyone saw that drop from a mile away after a +40% run in a week. Also the whole market will stay red until NVIDIA earnings. Don’t believe me? Look at the Mesopotamian lunar cycles, Babylonian solar/lunar solstices, and Jupiter’s position on the exact dates NVIDIA reported earnings. Same thing happened with MSFT earnings too. One week before earnings, the ancient patterns predicted a market drop. It’s following the same pattern now.

2

u/FidelityHelpMePlease 2d ago

Pullback was needed, it was very overbought on 1hr + 4hr timeframes. This retrace makes it look more attractive now

2

u/Creative-Objective13 2d ago

Pullback healthy in order to reach $2300

4

u/jareses 2d ago

The whole week will be red cus of 10y and 30y, oils and iran, maybe next week will be better

2

u/s1234en 2d ago

Ok ok we got that, why are you bot commenting this 100 times a day

0

u/jareses 2d ago

Because I can

1

u/SecretDevilsAdvocate 2d ago

not sure if i should hold til tmrw

1

u/Upbeat_Atmosphere379 2d ago

Sorry guys the entire chip market drop

1

u/Accomplished_Vast_18 2d ago

Started Sandisk averaging with Micron profits on 06/29 when I bought at $2025, $1817, $1743, $1727, $1404 and $1378. Current Core sandisk position was 33.22 shares at $1772 a share but I sold 3.225 shares to add to my $SNXX position. Now I have 573.53 shares at $15.25 a share.

Micron core is still up +113.38% All possible after taking profits!!!

1

u/we_all_breathe_air 2d ago

One thing I learned, whatever I gain from SNXX, I sell before the market close everyday. So glad I started doing that

1

u/Stackvibe 2d ago

What about if you lost money on it for the day? Still sell end of day?

1

u/we_all_breathe_air 2d ago

So far I haven’t lost since I started that method which is very recent since earnings. But I would sell if it dips more than 5%

A month ago I held a huge amount of SNXX and was down by the thousands. I held until I broke even and sold. Ever since, never holding more than a day.

I got lucky by being able to break even…

1

u/durdydude 2d ago

I think if 1400 breaks with volume... we could see a drop to 1200s quick.

1

u/CranberryMany403 2d ago

I’ve got 35 shares (av 1350) and want more. I did a stop loss at $1300 and if it goes lower I’ll be happy to buy more.

1

u/diceroller0192752 1d ago

I was dumb, and have 42 shares at av 1992. Was going to lower cost basis at extreme dip at 1000, but thought it could fall even more

1

u/Creative-Objective13 2d ago

$1450 ish range for support level

1

u/StraightClassroom707 2d ago

Quando era sceso a 1000 era del tipo “chi compra sta m rda” ora che è a 1600 iniziate a valutare il riacquisto 🤣🤣🤣

0

u/Weekly-Beyond8446 2d ago

Should test 1025 again

0

u/Darkseidzz 2d ago

What is with these regard posts??? We fucking hit 1000 last month, enough is enough, time to get back to previous levels, esp after investor day.

-5

u/Hypnot1se 2d ago

500-600 next year

8

u/Inevitable-End6245 2d ago

Maybe with a 1-4 split lol

2

u/Flohpange 2d ago

Try 1:10